Weyerhaeuser (NYSE:WY) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its stake in Weyerhaeuser (NYSE:WY) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,348 shares of the real estate investment trust’s stock after selling 1,297 shares during the period. Maryland State Retirement & Pension System’s holdings in Weyerhaeuser were worth $1,136,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WY. Natixis Advisors LLC grew its stake in shares of Weyerhaeuser by 7.2% during the third quarter. Natixis Advisors LLC now owns 159,987 shares of the real estate investment trust’s stock valued at $5,417,000 after acquiring an additional 10,798 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Weyerhaeuser during the third quarter valued at about $1,424,000. Intech Investment Management LLC grew its stake in shares of Weyerhaeuser by 39.1% during the third quarter. Intech Investment Management LLC now owns 28,455 shares of the real estate investment trust’s stock valued at $963,000 after acquiring an additional 7,992 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Weyerhaeuser by 23.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,919,349 shares of the real estate investment trust’s stock valued at $132,709,000 after acquiring an additional 740,508 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Weyerhaeuser by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock worth $295,940,000 after purchasing an additional 454,095 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on WY. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Citigroup decreased their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $29.18 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $30.03 and its two-hundred day moving average price is $30.74. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The stock has a market capitalization of $21.17 billion, a P/E ratio of 53.05, a P/E/G ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Friday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is 152.73%.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.